EQUI-SELECT SERIES TRUST
Supplement to Prospectus
The following supplements certain information appearing in the
Prospectus dated May 1, 1997 of the Equi-Select Series Trust.
Robertson, Stephens & Company Investment Management, L.P. ("RSIM"), Sub-
Adviser to the Growth & Income and Value + Growth Portfolios (the "Portfolios")
of the Equi-Select Series Trust (the "Trust"), has informed the Trust that
the Robertson Stephens group of companies, of which RSIM is an affiliate, will
be acquired by BankAmerica Corporation ("BankAmerica"), in a transaction
expected to occur in the fourth quarter this year. BankAmerica is a global
financial services company with $250 billion in assets and an equity capital
base of $20 billion. The proposed arrangement does not contemplate any
changes in the management or operation of RSIM. Consummation of the
acquisition, which is subject to a number of conditions including regulatory
approvals, will likely result in the termination of the Sub-Advisory Agreement
among RSIM, Equitable Investment Services, Inc., and the Trust. It is expected
that the Trustees of the Trust will consider before that time a new Sub-
Advisory Agreement with RSIM in respect of the Portfolios. Any such agreement,
which will likely be substantially identical to the current Sub-Advisory
Agreement, would be subject to approval by shareholders of the Portfolios.
The date of this Supplement is June 26, 1997.